Tony Elumelu Foundation (TEF) 2024 Women Entrepreneurship For Africa (WE4A)

March 25, 2024

The TEF Women Entrepreneurship For Africa (WE4A) Program is now accepting applications. Supported by the European Union (EU), the Organization of African, Caribbean and Pacific States (OACPS), and the German Federal Ministry for Economic Cooperation and Development (BMZ), along with the Tony Elumelu Foundation (TEF) and the German Development Agency GIZ (E4D program), this initiative aims to empower developing communities in Sub-Saharan Africa, including women, youth, and the informal sector.

Tony Elumelu Foundation (TEF) 2024 Women Entrepreneurship For Africa (WE4A)

The program, in partnership with SAFEEM (Swiss Association for Entrepreneurship in Emerging Markets), focuses on enhancing the business capacity of women-led enterprises.

It aims to help them attract follow-on funding from private sector investors by providing additional grant funding of up to €50,000 and a three-month growth program to 15 enterprises with the highest growth potential.

Type of Award: Entrepreneurship

Deadline for Empowering Women Entrepreneurs in Africa

Application Deadline: March 31st, 2024.

Program Details for Empowering Women Entrepreneurs in Africa

The program divides 100 TEF Alumna beneficiaries into eight clusters based on their growth stage and sector to provide a more personalized experience. Each cluster is led by an Entrepreneur in Residence (EiR) who offers mentorship and support.

The clusters include:

Agriculture 1
Agriculture 2
Consumer Products
Eco-Friendly
Education & Training
Health
Market Places
Services

The program spans 3 months of acceleration, followed by an additional 3 months of growth program and technical assistance if selected. All training and activities will be conducted virtually via Zoom, with access to an online program management and e-learning platform.

The Benefits of Empowering Women Entrepreneurs in Africa include:

Funding for business growth.
Training workshops to enhance entrepreneurial skills.
Mentorship from experienced business leaders.
Networking opportunities with other entrepreneurs and investors.
Visibility through media coverage.
Support in accessing markets and partnerships.

These benefits aim to boost the success and sustainability of women-led businesses in Africa.

Eligible Country for the Empowering Women Entrepreneurs in Africa Program

Tony Elumelu Foundation (TEF) 2024 Women Entrepreneurship For Africa (WE4A) program includes countries like Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cape Verde, Cameroon, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini, Ethiopia, Gabon, Gambia, Ghana, Guinea, Guinea-Bissau, Ivory Coast, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Republic of the Congo, Rwanda, São Tomé and Príncipe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Tanzania, Togo, Tunisia, Uganda, Zambia, and Zimbabwe. Eligible applicants include women entrepreneurs from the TEF Alumni network who have a working product and ideally already have customers.

Eligibility Criteria for Empowering Women Entrepreneurs in Africa

Applicants must:

Be women entrepreneurs with businesses registered and operating in Africa.
Show leadership potential and a dedication to making positive changes.
Have scalable and innovative business models.
Be ready to engage in training, mentorship, and networking activities.

Application Process for Empowering Women Entrepreneurs in Africa

Visit the Official Website: Go to the Tony Elumelu Foundation (TEF) official website and access the application portal for the WE4A program at https://www.tonyelumelufoundation.org/women-entrepreneurship-for-africa.

Check Eligibility Requirements: Review the eligibility criteria on the website to ensure that your business meets the necessary qualifications for participation.

Gather Required Documents: Collect all the necessary documents required for the application, such as a business plan, financial projections, and proof of registration.

Complete Application Form: Fill out the online application form accurately, providing detailed information about yourself and your business.

Submit Supporting Documents: Upload the required supporting documents to accompany your application.

This streamlined process outlines the steps to apply for the Empowering Women Entrepreneurs in Africa program by the Tony Elumelu Foundation (TEF) for the year 2024.

Types of Grants for Empowering Women Entrepreneurs in Africa

These grants are designed to support women entrepreneurs at different stages of their business journey in Africa.

Seed funding for new startups.
Growth capital for established businesses.
Impact investment for social enterprises.
Innovation grants for groundbreaking ideas.

Documentation Requirements for Empowering Women Entrepreneurs in Africa

For the Empowering Women Entrepreneurs in Africa program, you will need the following:

Business Plan: A detailed document outlining your business objectives, activities, and goals.

Financial Projections: Detailed projections of your business’s financial performance, including revenue forecasts, expense estimates, and cash flow statements.

Proof of Business Registration: Documentation proving that your business is legally registered and operating in Africa.

CV or Resume: A resume highlighting your qualifications, experience, and skills relevant to your business.

Additional Supporting Materials: Include any extra documents or references that can support your business or application.

Tips for Successful Application

Here are some tips for a successful application to Empowering Women Entrepreneurs in Africa:

Clearly explain your business idea and vision.
Emphasize what makes your venture unique.
Include detailed financial projections.
Demonstrate your leadership skills and dedication.
Get feedback to improve your application.

In conclusion:

The WE4A initiative from the Tony Elumelu Foundation offers a great chance for women entrepreneurs in Africa. It provides funding, training, and support to help their businesses thrive and create a positive impact. By empowering women leaders and innovators, the program aims to boost economic development and bring lasting change to African communities. Join us today to help create a more inclusive and prosperous future.

Frequently Asked Questions

Are there specific sectors targeted by the program?

The program welcomes women entrepreneurs from all sectors and industries across Africa.

How are applicants chosen for the program?

Applicants are selected based on their business viability, potential impact, and alignment with the WE4A initiative’s objectives.

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